Support for Blockchain and Digital Assets

Summary#

This House resolution supports blockchain technology and digital assets. It says the United States should develop these technologies, seek to lead their adoption, and consider a framework tailored to their risks and benefits. The resolution was referred to three House committees for consideration.

What it means for you#

The resolution does not set rules or create a program. It expresses the House’s view that future digital asset rules should account for consumer and investor protections as well as the technology’s features.

Expenses#

No publicly available information.

Proponents' View#

The resolution states that blockchain and digital assets could support innovation, improve financial access, increase transparency and efficiency, and help law enforcement trace illicit activity. It also says development could move overseas without support and clear legal frameworks in the United States.

Opponents' View#

No publicly available information.